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tv   Varney Company  FOX Business  August 8, 2013 9:20am-11:01am EDT

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♪ >> oh, major developments on all prompts. good morning, everyone. new polls from fox. you do not approve of the president's performance, his economic policies, or the food stamp explosion. members of congress and their staff get an exemption from obamacare, and nancy pelosi
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approves of that. google's android phones up. iphones down. there is a big backlog of orders for tesla's electric cars, and the stock goes straight up again. china trade surges as well as germany, and there's america's stock market going up a few minutes from now. yes, "varn ergs -- "varney and company" is about to begin. d every step of the process, making it easier to try filters and strategies... to get a list of equy options... evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens, and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidity. now get 200 free trades when you open an account.
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>> fox news polls out this morning, 71% of those surveyed say president obama's recent economic speeches offer nothing new. result of that? 52% of that say they disapprove of the job president obama is doing, and get this, 74% say we rely too much on the government, food stamps, welfare, saying it's too easy to get government handouts. new polls. the numbers suggest the country has a negative view of the president's performance, and his economic agenda. however, investors clearly do
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not have a negative view of tesla, the electric car company. they sold more cars than all the oh-so-clever analysts expected, and tesla is expanding with a backlog of orders, and look at this, the stock up big, 10-12% of the opening bell. it's not the only stock up. a higher open in a couple minutes, but firsts though, there's this. three winning powerball tickets sold, two in new jersey, one in minnesota. they will split a $448 million jackpot, no identity on the winners yet, but one thing's for sure. they all pay a huge chunk of the prize up front in tax. more on that later in the hourment i'm going to call government lotteries a lousy deal. she knows you like no one else.
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>> one minute to go, and opening bell 1 ringing. let's get at it bringing in chicago's scott, and let's go at it. i say janet yellen is a shoe-in for the chairmanman ship and prints more than ben bernanke, and you say what? >> she's a shoe-in, but i don't know that she'll print more, but stays the course. larry summers is loose-lipped,
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and i want yellen, but as a trader, i want summers. that's volatility. she's it, stays the cor, and she doesn't print much more. >> okay. hold on a second, a headline in the "wall street journal," europe's recession on the verge of ending driven by increasing german growth, and china -- you're shaking your head, china's expanding trade. isn't that a sign that the world economy's picking up, and maybe that's why the dow's going to be up? >> no, china leads in manufacturing, one thing, their own economic numbers. forget about them. number two, everything's going to be great in europe until september 22 when merkel has reelection. after that, it falls apart. be careful about falling asleep at the wheel. >> always learning something from you, scott, always. you're wrong on janet, okay? >> all right. we'll see. we'll see. >> we will. thank you very much, scott, good luck to you. opening bell, here it comes.
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we're looking at the indicators, and it suggests a gain for the dow of 60 or 70 points up and running. this is thursday morning, remember, a couple down days, could take it down to the 15-4 level, maybe at the open, back above 15-5. all right. the bell stopped ringing. that means they are trading, and opening trend is up. before we go to that, i got a couple individual stocks i got to report on for you. who is winning the smart phone wars? google's android? it gained ten points of market share, very much the top dog, 80% of the smart phone market. that's google. it is up this morning. windows phone boosting its share from 3% to 4%. big deal. i own shares of microsoft, and the stock is up today, 20 cents. don't forget apple, the iphone dropped to 13%. nonetheless, the stock at 462, up nearly two bucks this morning, okay? big news in the smart phone
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market. strong sales at tesla. it lost less money than those clever analysts have been predicting, so, nicole, welcome back, by the way,. >> thank you >> gains for telsa. >> up 15%, you know they are a winner. as you mentioned, analysts, morgan stanley, for example, today said that they surpassed even the highest of expectations. they do so well with the model s, and now there will be the model x coming out. that's a companion crossover model going into production that begins in 2015. >> you know, it should be tesla.com because that remains of dot-com1999. >> that's right. >> thanks a lot. groupon, a record quarter -- come on back in, nicole, where's groupon? >> right. you see groupon. look at this move. there was big winners this morning here, up 24% for groupon. they came out with the numbers. the co-founder is now the chief
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executive, and they have growing momentum, really, surprising everyone. the second in a quarter -- wow, they are loud down here. meeting and beating for the second quarter in a row. >> all right, thanks, nicole. dow up nearly 60 -- it is up 60 points in the first two minutes worth of business, up this thursday morning. let's get back to google. their share of the smart phone market, of course, growing, up more than 10 points in the last year, the iphone's market shrinking three points from a year ago. foxnews.com science and technology editor is joining the company right now. jeremy, looks to me like the android system from google, 80% market share? just running with it. >> as no , ma'am call, suspect it? 80%. we think about the iphone as the thing to get. >> yeah. >> at least everyone was thinking that. >> that's right. >> two or three years ago. you know, the guys inside apple, the financial eggheads have to
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be going crazy. on paper, it's doing well. numbers here, i was looking at this, apped made, robertedly, $6 billion in smart phones last quarter and profit about 33% on those things. >> wait a second. >> incredible. >> $6 billion just from iphones, profit in a three-month period? this is apple? >> right? isn't that -- >> in the market share? >> exactly. samsung, making the most popular -- got it here, the most popular android smart phones, s4 #, they made 5.6 billion, but only 17% in profits on that. either way, though, it looks like apple's making a whrot of money, but we're going, what's going on with apple because, really, market share down, nobodiments -- nobody wants is these days. what's going on over there? >> google is going to come out with the hardware, a phone, using their own android system. i have it here. >> it's the nexus 4.
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it's on the market, it's wonderful. best phone out there. >> making $6 billion in 13 weeks like apple made on the iphone? >> i don't think they will. it's a different profit model, of course, making money from advertising. it's a run away success. that's the thing everyonements now, android phones. get out and get them p >> all right. google glass. okay. i think you introduced me to it. >> i did. >> you put them on. >> yeah, but it seems to me that they are bannedded, not just on the market, but banned in all kinds of places. you can't take google glass in the places that you can want take a smart phone; is that right? >> exactly. there's a report out showing a variety of places where they talk about banning these things. you can't bring into bars, reports you can't bring them into strip clubs, movie theaters. i know why wow would take them into these places, that's just me, but, frankly, it's a lot of hoo-ha, a lot of nonsense, people are freaked about them
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for no reason. they are fun. it's going to change the game. this is the new world. >> you can't drive a car with google glass, wearing them, will you? surely not? >> it's dicey. we had a reporter that did that for fox news awhile back, and she said it was weird, felt unsafe, and took them off. >> yeah -- >> however, it is one of the things that google wants you to be able to do with these things, it does navigation, just hone the software, maybe we will someday. >> bring me back google glass, and i'll wear them again. >> round two. >> it was good. jeremy, thank you very much indeed. see you soon. back to the economy. i say ben won't even slow down the printing presses. i also say that the next fed chief will be janet yellen, no way she's stopping printing in the foreseeable future. bringing in david jones, very right on the fed in recent years arks am i right or right, david jones? >> caller: wrong, stuart.
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nice to be with you again. it's going to be larry summer, and they will start tapering at the next meeting in september. >> okay. i got limited time. why larry summers over a female academic leftist from berkley? >> caller: one simple point, stuart. the president feels much more close and confident and the administration. take jack lew, treasury secretary, perfect example. when the president's confident in somebody, that's the choice. janet has all qualifications, but i think she's been remote from the president. >> okay. well, you're disputing me again, david jones, and it could be that you're right again. we'll see. come on back soon, and we'll check out your predictions. thank you very much, david jones. to the big board. let me tell you, this is a rally. up 85 points, 15556 as we speak.
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president obama scaling down government housing agencies, banks lend more, but, clearly, that means the president has to tell the banks who to lend to, whether they are qualified or not. sounds like social engineering to me. rapid realitity on the company thinking this is a great plan. what? >> it's fantastic. the 30-year fixed is prudent and important -- >> the president wants to keep the 30-year fix, got that, in favor of it, you know, good morning, sure. go. >> as they say, plan b is your plan a, there shouldn't be a backup plan for the banks, but figure it out and take the risk and add a cost to that. >> but what got us into trouble was banks shoe horning people into homes they could not afford and into loans which they could not repay. this is a repeat performance. >> i don't think so.
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i think the fact there's not a backup plan makes them more careful and cautious and more rules and regulations in place to keep them under control. >> no, wait a second. there is a backup plan, the taxpayer is the backup plan. taxpayers are still on the hook if there's another financial crisis or a crash. >> not as much as before. scaling down. this is a five-year wind down plan. it takes five years if enacted. >> you don't have a problem getting people into homes they cannot afford? >> obama says it's great to achieve the american dream and own a home, but if you can't afford it, don't do it, and the banks will not take the risk now know -- >> he's doing it with the fha saying if you're foreclosed on or bankruptcy, you can get a new mortgage loan now, don't wait three years. get a new loan. all you have to do is have a job, attend credit counseling. that, anthony, is shoe-horning people into loans they cannot
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afford for political, social reason. >> well, i think this is a country of giving people second chances. if you make a whole-hearted effort to restore credit and get back into the community in good standards. you deserve another chance. >> selling real estate, playing your own book, aren't you? >> it's important to get people to become good citizens and home ownership leads it to that path. >> we tried that. >> yeah, we did. i think that without them backed up, things will be better. >> we'll see, anthony. we'll see. surprised at your position, but you're a realtor. thanks so much. >> thank you. >> appreciate it. mattday -- matt damon's knew movie hits theaters. according to some, it's a message of socialism. that's not me, somebody else says that. talking to a critic who saw it next. ♪
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>> ad modest rally, holding, the dow up 62 appointments. where's the price of gold this morning? shy of 1300, but getting back, close to it, 1292 is your per ounce price this morning. stallone, you know, pulls no punches, we got that. the star publicly slammed fellow actor, bruce willis, because willis, apparently demanded $1 million a day to star in the movie "the expendables 3", stallone, producing the movie, therefore paying for it, says, greedy and lazy, a sure formula
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for a career failure, and he replaced willis not film with harrison ford. critics call the movie "lithium" political propaganda, but the film's star begs to differ. keel my jane calls that laughable. she's with us. you saw the movie, i think last night; correct? >> that's right. >> give me 30 seconds on what is the plot? what's the movie about? >> it's set in the future, it's 2154 in los angeles, the haves and have-notes separated. the notes are on earth in a polluted waste land and the haves on on a beautiful space station in the sky where everything is green and beautiful. matt damon -- >> that sounds simplistic to me. i mean, haves and have-nots separated planetary wise. that does not sound
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sophisticated at all. >> to me, imagine this, imagine if there was a hundred million dollars and a taste for big, big guns, that's what you got with this movie. >> a hundred million dollar movie? >> about a 90 million flick. the plot is matt damon, one of the have-nots, exposed to radiation at work, and only way to survive is to get to the other planet because they have, you know, things you put yourself in there, and you are healed of everything from cancer to a broken leg. >> sounds like matt takes on obamacare. i don't know. it has been criticized as pure socialism. they are out there in force, not just the people on the right saying this. it is a lot of people say it's political propaganda, socialism. tell me the socialistic angle in this if you saw it. >> well, i did. i saw it last night at the
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critic's screening, opening tomorrow nationwide, but the movie seems to say all we have to do is turn all the illegal immigrants into legal citizens, and weal solve the health care crisis and live forever. not joking. >> i know. if you are surrounded by critics, most on the leaf, what's their reaction? >> that's interesting. a lot of them liked it, and it's -- it's sad, but i think, you know, when a movie plays to your prejudices, you don't notice that there's no sinmatic, you know, quality to it at all. i mean, it's a very poorly made movie, but, you know, this morning, before coming here, i took a look at the critics who got their written reviews postedded thinking it's, you know, taking on the big issues of day. well, it does, it takes on health care, immigration, the things we are talking about right now, but it does so in the most, as you say, simplistic manner possible. i mean, it -- >> as a movie, back to that, as a movie, would you say how is --
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is did well made? is it well agented? does the script work? is there good character development? does the plot flow nicely? just as a movie, you can want like it? >> no. first of all, there's no character development. you got everybody on the, you know, this is a terrible person, and joy di foster, i'm a fan, but she had a terrible performance. her character is one-dimensional. nobody has a personality with the slight exception of matt damon, but he can't save the film. you know, it's just the same sort of science fiction, you know, you got to have the slow motion a number of times when somebody shoots somebody else, and, you know, it's just not very well done, and i'm really surprised that the film got good reviews, and the only reason is that it's catering to what the critics want to hear, which is that, you know, our problems here now are solvable if we just, you know, i mean, if only real life were as simple as a science fiction film; right? >> if we pay more tax and spend
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government money. didn't you know that? conow that. >> i didn't get the memo. that's the great thing. literally, they think if you change people status and give them things, there's no understanding of how did they get developed the technology, what were incentives in place. you know, i mean, i'm expecting a hollywood director to understand, you know, basic economics. that's my problem, i guess. >> dream on. dream op. >> exactly. >> thanks very much for seeing this movie, sitting through it, and giving us the great critique. >> only for you. >> okay. works for me. thank you very much, appreciate it. >> thanks. >> didn't win powerballast night? well, before you buy the next ticket, hear what i got to say about it. my take on government lot toes next. ♪
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>> this could be the stock of the day, tesla. the people who thought it was going to go down and bet it would go down now have to buy it because it's going up. that's why it's going up so much.
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14% up on tesla, stock of the day, 7 million shares traded. wow. president obama's foreign policy agenda, some say it's falling apart pulling out with the meeting with the russian president, and former ambassador is here at ten this morning. if you think flying in a private jet is too expensive. guess again. it's cheaper giving commercial carriers a run for the money. 10:25, we'll tell you how much cheaper. you heard the stereotypes, women are poor drivers, men are serial cheaters. not the case according to john stossel here at 10:45. here's my take on the lottery. it is a lousy deal. occasionally, the powerball jackpot hits hundreds of millions of dollars in prizes, and we make a fuss about the huge price and who won. it's an exciting headline, instant wealth, great headline, human interest, it is great.
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now you can call me captain no fun if you like, but i repeat, government funded lotteries are a lousy deal. i'll explain my grumpy killjoy point of view. for every dollar you put in, only 50 cents is paid out in prizes, most of the rest is a tax that goes to the government. oh, what a deal. a 50% tax rate right off the top, lucky you. if you win the big prize and elect a lump sum payment, you pay a ton of tax all over again, at least 40% to the fed's alone. no wonder the government spends big on lotteritying. it's a cash cow for them. notice i said "government lotteries are a lousy deal," did back to the good old days of a privately run lottery, illegal. it was called playing the number, and it was organized by the mob. runners went all over the big cities, and you placed bets on three numbers, one through ten.
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the winning numbers were the last three digits in the dow industrial average the -- at the close of trading every day. nobody fixed the numbers, and nobody could see what they were. the runners paid the winners 80 # cents on the dollars. no tax. you were paid in cash. now, that's a deal. i'll leave it at that. sleeping apart. things should never come to this.
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stuart: the eighth day of the eighth month, lucky in china. here it is this. you don't like the obama economy. a democrat responds. america in retreat around world. can ambassador john bolton find a single foreign policy success. he will be here. the private freemarket keeps going. we bring you the airline with unlimited flights in california for $1,600 a month. baseball stings, ratings for the all-star again in lower than pre-season football. john stossel hits the third rail discussing the following, women don't drive as well as men. there was a flurry of excitement in the studio and a mention the point about women and driving but we will move on. the big board, very modest
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rally, 42 points higher. earlier i spoke with david jones, he said it would be restrictions on money printing this fall and it will be mr. summers who becomes the next fed chairman and maybe that is trimming the gain on wall street as we speak. maybe david >> translator: the market a little bit. let's move to tesla, a huge winner today. charles has been talking about this all day, all week. people who bet against it has led, think it would go down and a lot of people were betting it would go down. now got to cover themselves and buy it because it is going. charles: the shorts got out on their shields. i know people who bet that goes down at $10. will go to two and you would think this person is up 80%, the won more. they would drop two nukes on nagasaki. they are crazy.
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when they accompanied a a company. masters of the universe run billions of dollars and they could be wrong for weeks, months, years, there could be billions more. a lot of short positions will state short. regular people who jump on the bandwagon said the test was phony and they got it pretty good today. don: i can see tesla going up and up and up. is an electric car company the only sold 5,000 vehicles. charles: more technology company that our electric car company. a good company and have been oversold stocks just like a bad company. you are right. at some point of this stops but at right now anyone betting against it and they have been betting against it for a year and have gotten completely crushed. here's what i always get when channel flipping, people so surprised. they think last quarter, the march quarter by 200%, you can
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be surprised at the reaction of the fact is there because i cannot surprise. don: they alisha stuart: expectations are way of rigging the market. charles: the built-in a little bit of a cushion and analyst its guidance and come of with their number and have a bit of a cushion because nobody wants to be wrong on the other side. of the company beats me as an analyst, fine but if i overestimate i look back. stuart: i confess you to tell me who is the winner. >> i trust you and charles. group on is up 26%. look at the stock hitting a new high of $11.15 a passing what all the analysts were thinking, the analysts you love so much, talking about the ability of the business overall, that is what one of the analysts were saying, consecutive quarters doing well, good news as well. the of not seen the business
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looked this good since it went public. don: i haven't rested and listings 1996, a kia for dot.coms. a new fox news poll. 71% of us, that is americans, think the recent economic talking points from president obama on more of the session, nothing new. the president's economic message dead on arrival. julia joined the company. that is what they think. the same polls you always dispute. go ahead. stuart: 53%, half of people think the government did too easy, 57% think people like taking a advantage of the food stamp program. 74%, 71% think there is nothing new, 52% disapprove of the president's performance. you are at democrats.
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what is your reaction? >> the key to pulling is freezing questions where you get an unbiased and search of the question you opposing. if you are going to tell me to you think x, y, z is true idle time would is true. you ask the question in an unbiased manner you get my different and the. don: -- stuart: using the president's policies of the last four years our success in creating prosperity in america? >> it is gone as out of a whole believe you may think the stimulus was not successful. at into preventive things getting a lot worse. i see -- stuart: lower class people lost 5% of purchasing power. >> and implement has gone down, jobs are being created, not at a pace that we want but they are being created. the stock market is going up and up. what i don't like is tremendous income inequality, and this has been going on with this president and previous presidents including ronald
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reagan and george bush, but i do see things progressing. not going as well as we want but they're getting better. stuart: spare me from this kind of progress. charles sent this headline to our production team last night. it came from cnn, the once and future clinton news network. get ready to shell out more money for individual health insurance under obamacare. >> in new york arrival of 50% of premiums. stuart: i can to let you get away with that. i read the same report, premiums for individual buyers of health care in new york state will see reduction. the know how many people applies to? 16,000. >> so glad to hear you saying that, you are telling me obamacare, the individual mandate will not apply to some many people. you can't have it both ways.
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>> the and not walking away from obamacare. the same delusion you'll keep capitulating. stuart: a president said he will not lose your coverage. if you like you not lose it. >> e.u. losing that? but the co people had and like their losing. >> which people? stuart: low income people are losing coverage. a lot of people who get their health insurance by corporations will not get the same coverage. more businesses. >> could i explain this to you? stuart: into the question. >> i entering the question. can i explain it? >> before obamacare if you had cancer or another horrible disease -- you're getting coverage.
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stuart: if you work in a small business you are not keeping the coverage -- >> i am working in a small business. stuart: am talking about across the country. everyone who works for me will keep their coverage. stuart: cost is going up. >> it is going anyway. stuart: are you telling me -- you can keep your health coverage that you like? it is the same price? >> january of 2014 not come back on your show wind is going to affect you tell me if you lost your coverage. stuart: i'm talking the country as a whole. stuart: not something else is happening. stuart: obamacare is not aimed at someone who works for a large multinational corporation. we're talking it is doing more harm than helping them. >> absolutely wrong. stuart: charles: everyone rejected it.
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it is wildly unpopular. >> the president has done a horrific job selling it, or if a job selling then. the unions have not rejected it, the unions rejected a small component of seniors who are getting the care. it is not being cut. these are on the talking points. charles: -- stuart: we will have you back and have a set of facts and discuss those. we will have concrete response facts. >> under obamacare -- stuart: i understand what you are saying. the issue is health care in the future will not be as promised by president obama and that is a affect. let's end the discussion. i have got to move. dow jones industrial average losing ground up 25 points. it was up 85 earlier.
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i think that just winked at julie on camera. we still friends. stuart: to the always get the last word. stick around for john stossel. >> i would love to. a really terrible driver. stuart: another big name you know, disappointing sales at green mountain. nicole petallides. what is it doing. nicole: a mr analyst estimates, their numbers missed. the actual machine and its success stories miss the sales estimate. i don't know if everybody already has one or just the market is so diluted but you see the stock down 2% but ultimately this area of single serve cups and coffee and all that continues to grow and raise raise their outlook. it is not all bad news but they did miss with the current
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quarter. stuart: thank you. president's foreign policy. a lot of people say it is falling apart. latest example would be the president canceling the meeting with vladimir putin because of tensions over the decision by the russians to keep and grant ed snowden asylum. john bolton is here. can you point to a single foreign policy success of the obama administration the last four years other than killing usama bin laden? >> i don't count that as an obama administration foreign policy success. that was begun after the 9/11 attacks, like richard nixon claiming credit for armstrong and aldrin landed on the moon in summer of 1969 as if he started the space program rather than john kennedy. a ten year record in those cases. stopped clocks are right flight to the. i am sure there is a obama success or two out there but not because of his policies. he has a fundamentally flawed world view about the role of the
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united states, security we provide and friends and allies and how to handle adversaries and terrorists. we are seeing the flaws of that world view in recent weeks. >> do you think that hurts us? america's standing in the world is down, respect for america down, respect for our ideas down, does that come back to hurt us not so much physically but in the financial sense? >> it does. if people see america as less strong, less capable, less willing to defend its interests they will we calibrate their policies accordingly, our adversaries will be more aggressive and friends will say to themselves if we can't count on the united states we will look after number one and make accommodations with the enemy. charles: would use a what is going on in syria could be what you talking about because it seems the russian/iran -- they are more involved in who wins
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that than we are. hard to understand that, the fact of the matter is the bad guy looks like a ongoing to win in part because nobody expects america to come to their aid anymore. >> we fundamentally misunderstood the conflict. for two use the obama administration has been saying we will negotiate with the russians to get a smooth transition to get him out. they were never going to negotiate to see him leave. polk obama policy has been a misconception. number 2, the real problem in syria is eerie and because they're determined to keep him in power and show -- said a lot of cerium blood to do and obama never wanted to take daughter and. charles: we left iraq and afghanistan, violence in iraq is through the roof, that is underreported. what happened to the arabs spring? we thought it would usher in democracy, look what we have lost the middle east. >> there are a lot of causes the
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one is a declining, reseeding less assertive united states and this goes to the point that is fundamental to obama's misconception, ec's a strong america as being part of a problem, we are too much in the world and cause too much reaction so weaker, less assertive america will lead to a more peaceful world. i think is exactly the opposite. i think it is not american strength that is provocative but american weakness and that is what we see now. stuart: will not change his world view. >> we have 1200 more days of this. will be more dangerous when he leaves office. stuart: ambassador john bolton, thank you very much. the dow is barely up. in fact it is absolutely dead flat, now it is down. we lost 85 points. did you do that? charles: i don't know. we found three days in a row. not sure last time we had four days in a row but the summer doldrums are here. stuart: most people say in america if they do not want to
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live past 90 years old. that was in a poll conducted by q recently. i say that is nonsense. i want to live to 120. dr. mark siegel is next and he will tell me how i can do it. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all onhinkorswim from td ameritrade. ♪ from td ameritrade. a quarter million tweers ic is beare tweeting.
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stuart: charles will make money with a twitter play. it is not publicly traded company but he has a twitter quarter. charles: gee as the capital invested in twitter and have investments in groupon, bloom energy which has not gone public, guilt which is not on public yet, they have an inventory investment is huge. there's a lot of talk about twitter going public sooner rather than later. the company gets ready to go public this stock will benefit big time. stuart: to summarize gsv capital doesn't make something, it invests in things like groupon and twitter. has a piece of twitter before it goes public. a lot of talk about that. charles: guilt will be a big idea. stuart: it was being built up like facebook was being built up. charles: listen, they could go for maximum greed or they could not. we will see. stuart: we lost all addition, we
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were up 85, now we're down 5, dead flat as thursday morning at 10:18 eastern time. medical technology is obviously improving letting you live in your golden years but a new poll finds most people, 60% do not want to live past 90. that is what they say now. i can tell you i am not one of those people. i want to live well past the century mark. how do it? dr. mark siegel is here. give me a list. how do that? >> i will tell you why people answer the polk that will. they know over 50% of people over the age of 85 are amended. we are talking quality of life issues, people fall and break their heads and their feeble and get sick. the want to be in icu, the medical situation is not great.
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that is going to change again improve quality of life while going back to the biblical number of 120. with modern genetics we are going to look down the road and tell you what your chances are of getting a certain disease. 9 might be able to say when you are 80 you might have diabetes. your chances are 62%. we can't quite do that now but we are a few years away from it. we are working on certain kinds of treatments that are going to enable us to not only recognize cancer but turned off cancer's ability to defeat the body's immune system. within three to five years. we have vaccines against cancer and identify cancer and destroy it. the advances in cancer using genetic technology, amazing. proteins and genetics are the waves of the future, they will predict your diseases and defeat your disease is. but how do you not get feeble is
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the next question. there's a lot of work going on in alzheimer's. i'm looking closely at that. will we prevent the amyloid protein from forming in your brain. and smart kills will be sitting in your stomach killing charles watch out, your left shoulder is hurting or your blood pressure is going up, we will monitor the body, beam and e cagey to other doctors using the glove, we have incredible modern technology. stuart: here is what you cannot do. stop me from slipping and falling and breaking my hip when i'm 96 years old. you did >> we will have brand new kinds of walker's. stuart: are you serious? >> i don't know. but seriously. if we exercise and east and mediterranean diet, you follow the mediterranean diet. stuart: ally don't. i don't eat pasta. >> you need a glass of red wine and have some olive oil and sauce and fish, plenty of fish.
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charles: the figs. >> the headline is not only living longer, but can we make you live better? i say yes. stuart: thank you very much. the cost of a private plane getting cheaper, it is now compatible, competitive with first class on a commercial plane. how cheap is it getting? we will deal with it next.
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stuart: sports check, the pga already started. ricky fowler leads three under. tiger woods is two under. we will keep you informed. that industrials down eight points. more and more private planes are successfully competing with first-class commercial. surf air is an example of private carriers entering the market. a monthly fee for unlimited flights in california. this are founder and ceo joins
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us now. let me get into this with some numbers. am i right in saying to join surf air i pay 5 under dollars membership fee up-front? >> correct. stuart: then it is $1,600 per month and i get unlimited flights within california? correct? >> yes. $16.50 a month and it works sort of the way netflix did when you add four dvds in your house at once which was all you could watch in the same thing you get boarding passes instead of reservations instead of dvds. stuart: $1,600 per person, not for a family, right? >> correct. $15.50 per member. stuart: you fly mainly between relatively small towns in california? >> we fly from burbank in the l.a. area to san carlos in the san francisco bay area and santa
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barbara. stuart: you are going to expand in the future? >> we are taking deposits in seven or eight cities in california. one of the great things is we can let people tell us where they want us to go before we get there. stuart: interesting. one of the points we make on this program is private flights is getting competitive with first-class commercial flight. can you make that claim for surf air? >> absolutely. there are a number of things to look at when you are looking at competitive. when you're figuring out if it is worth it to go from al it is san francisco four times a monthly cost to measure it. rebate in the fact you will save an hour in your security line you don't need to go through and fly between the private side of a major airport, significant savings and when you add in the fact that now these road warriors can be home in time for dinner or make it to their kids
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little league game it is light falteringly good, more than competitive it is a much better alternative. stuart: what kind of planes are you flying -- flying? not jets, propellers. >> we fly three pc 12s, swiss made turboprop, fantastic aircraft. stuart: you are not a publicly traded company at this point obviously. you are private. >> that is correct. stuart: you are one of the founders. where does the money come from to get this going? >> we raise two rounds of venture-capital funding in the last year. those guys who spend their time making bets on good ideas picked up to do the same the in. stuart: at the moment you are within california. are you planning to expand? maybe make flights to arizona or now that a. planning to do that? >> there are a number of market opportunities around united
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states. we are focused on california because if we were a tech company this is the minimum viable product, our proving market. we are here and we are going to develop the california market into something that is a repeatable model we can use other places potentially but we need different sets of department of transportation approval in order to do that. stuart: we find it very interesting, the whole idea of private being competitive with commercial first-class in price and time and availability. we are interested in that and you are pretty good example. surf air founder and ceo, thanks for joining us, come again. >> thank you. stuart: a pre-season football game beats baseball's all-star game in the ratings. how could that happen? i will tell you how. baseball lost its credibility. former major-league manager after this. you know throughout history,
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folks have suffered from frequent heartburn. butetting heartburn and then treating day after day is a thing of the past. block the acid with prilosec otc, and don't get heartburn in the first place. [ male announcer ] one pill each morning 24 hours. zero heartburn. stuart: 100 point turn, down twenty-eight, look at as much, up 15%. let's get to sports. a pre-season football game drew more viewers than major league baseball all-star game. next guest has the reason why
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baseball lost more credibility following steve phillips, welcome back. this trend of losing popularity and credibility was in place before but now steroids makes it much worse. charles: the stars have tested positive, barry bonds, roger clemens, the best players in baseball tested positive or are linked to steroids. alex rodriguez who many thought would be the best wherever linked to steroids and that is the issue, the credibility is shot, the best testing system, strongest and most disciplined of any professional sport the time there is any should people be up on baseball. stuart: does management of the fall, the authorities in baseball do they truly wanted out, gone, finished? >> absolutely. it has been there way forever. is not about bud selig and the commission is, they want a clean, level playing field, the unions corps ever fought
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drug-testing and finally got in place and the unions come along and players are throwing other players under the bus, they wanted as well. prayers a guys who test positive get what they deserve and should be punished. stuart: you are general manager from 97 until 2003, that was the height -- not the height but part of the steroids stuart: didn't you know? >> no question. yet i thought during last six years as general manager eddie four, five, six players used steroids and i could never understand why guys would never scream and yell like big burly guys to look bloated and looked like they were on steroids, why not scream and yell about it? everything we know now, probably more than half the players were cheating. wasn't as silent majority that an. majority of guys were cheating. now players want a clean, level playing field, players are speaking. charles: some ways it feels management is completed. some guy goes when you're of 20 homers and another year of 50
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homers and gets an amazing contract, right and wrong, dark cloud over his said so milwaukee gives him a new contract four years early and feels like you lose three million now but next year and one hundred million dollar contract. >> they want to clean it up, commissioner and owners and general managers want a clean level playing field where no one uses steroids. point dale one of is the general manager of went to a level playing field, a wanted a clean but if other teams -- charles: lance armstrong with at a level playing field means the to stake steroids. >> players are speaking about it because they don't want to feel the pressures as they have to cheat to compete. that has changed. when players didn't complain was because they were all eating. now the majority aren't peaking which is why they're speaking. stuart: let's compare baseball to football. as i understand it there are more steroids cheaters in football than in baseball. is that true? >> yes. every year we have more positive tests for football, they get
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suspended for four games yet football gets a pass. part of it is because cars tested positive in baseball and part of it is because staff members were somewhat romanticized by fans and not -- those got blown out so people were angry and baseball is much superior, we have h g h testing in baseball, football gets a free pass, drug testing and steroids, their credibility -- stuart: baseball doesn't test for human growth hess -- >> they don't have an approval -- stuart: not like the olympics where everything is tested. it is not like that in american sports a baseball yet. >> football is not there yet. is the most progressive testing and the commissioner was the most aggressive going after the biogenesis players
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unprecedented, spending millions of dollars to get the evidence, get the witnesses to testify, they want the game cleaned up. they desperately want this clean, bud selig has done a tremendous job. stuart: do you think baseball again could be, america's past time? charles: i think it could but football has so much momentum and it will be tough. the problem is can clean guys hit 70 homers the year and create the sort of excitement every night. >> baseball has a crop of great young talent, divers guys that could impact the game, baseball needs to market those guys and make it about them. actually say here's a picture of roger clemens, barry bonds, that is the old baseball, here is the new baseball, gray young stars are who we are going to build around and if they live like the
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right way and repair and play again in the right way. stuart: when it tv contracts come up with renewal for major league baseball i think baseball will get a shock because the viewers are not there. this is your point earlier. charles: i've played hardball with these guys. stuart: not going to pay for lower ratings. >> maybe a different deal this time around. stuart: former general manager of the mets of new york, amazing. >> thanks. stuart: thanks for joining us. appreciate it. here is the first line of eye and seeing, women can't drive. not a good rating. men are serial cheaters, that is another one. cheat twice as much as women, stereotypical. john stossel will tackle that next. ♪
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stuart: 333,000 people filed first-time jobless claims last week at 5,000 from the week before, relatively low-level compared to that. virgin atlantic, in-flight
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entertainment. burgeon's domestic starting in september, a series of stand-up comic games will be performed followed by live music. interesting ride on virgin. fannie mae reporting $10 billion profit in the second quarter rising prices to reclaim money that set aside losses during the housing. next, john stossel on gender myths. you hear the one about women don't drive as well as men? absolute nonsense. how bad that myth, how incorrect. honestly. [ male announcer ] imagine this cute blob is metamucil.
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and this pk is the inside of your body. see, the special psyllium fiber in metamucil actually gels. and that gelling hes to lower some cholesterol.
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metacil. 3 amazing benefits in 1 super fiber. stuart: strong outlook for victoria's secret, the company is l brands. nicole: it is doing really great today. look at the 5% as you mentioned, victoria's secret, bath and body works raised guidance hitting a new high hear above $60. stuart: it is that time we going to try to make some money, charles tries to make some money for us and has another dead stock he says has come back to life. charles: the summer of resurrection. all these stocks are a huge, yahoo! facebook, yahoo! groupon, facebook was left dead for did years ago. a reported a number that was phenomenal, first quarter of 2000 11, great business momentum, they do a lot of
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things but it is a brand-name company that gets you on the digital platform, a brilliant company doing everything right, your break out, i love the stock, may be higher. used to be a $70 stock along time ago. stuart: all these tech companies, nynex a their obscure but nervous, they're zooming. charles: the ones in dubai are zooming because tight is making reality. stuart: got to get is this so make way. i am sure you heard this on occasion. women don't drive as well as men. that is highly pejorative statement but the statement in my opinion is absolute nonsense. john stossel is going to either correct me or reinforce the prejudice. >> or both. i think it is true. women can't park. i have to park for my wife sometimes. they don't have the same spatial relations. i don't know what it is. stuart: a you telling this live on television? john: what measures good or bad drivers is how many people you hurt and killed and we men are
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much worse. we have more accidents and one more stop signs, speed more, kelley moore other people. that may be a reason. anything else? stuart: i want to move off of this subject because we are in deep water so i can move on. suffice it to say you can prove analytically that men are worst drivers than women. john: as measured by killing people, yes. stuart: next one, men are far more likely to cheat on their partners than women? john: it used to be quite a bit more likely. it is getting closer. we are still more likely to cheat, 19% of women cheat, 25% of men. stuart: 19% of women cheat. john: as a report these surveys. stuart: they're not getting married these days. john: it is not illegal, 19 vs.
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24. stuart: over the life of a relationship 19% of women in that relationship will cheek whereas 24% of men in the life of that relationship will sheet. john: yes. stuart: not much of a difference, points. john: used to be bigger, women are catching up. good or bad. stuart: bad i would say. john: unless they are stuck in abusive marriages. stuart: any other gems? >> $0.77 for every dollar we men are but research shows it is not the same jobs. women make other choices, maybe their healthy, we are bigger but money grabbers, women have more of a family now. stuart: when comparing apples and oranges in fact. john: the government doesn't. the government has pay rules. stuart: is this the subject of your show tonight? john: myths about gender. stuart: we dealt with several of them here, you have more for us
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later. john: i do. stuart: 9:00 tonight eastern time, stossel is the name of the program. i bet you that was a well rated segment. stuart: we will see. congress gets out pass on a major provision of obamacare. you won't believe what nancy pelosi has to say about it. th td from capital one... boris earns unlimited rewards for his small business. can i get the smith contract, ease? thank you. that's three new paper shredders. [ boris ] put 'em on my spark card. [ garth ] boris' small business earns 2% cash back on every pchase every day. great businesses deserve unlimited rewards. read back the chicken's testimony, please. "buk, buk, bukka!" [ male announcer ] get the spark business card from capital one and earn unlimited rewards. choose 2% cash back or double miles on every purchase every day. told you i'd get half. what's in your walle but with advair, i'm breathing better.
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stuart: here is something causing outrage. congress and their staffers get a pass on a major provision of obamacare. they will still get federal contributions toward their health plans. nancy pelosi, former speaker, basically past obamacare couldn't be happier for her staffers saying if they didn't get the exemption they would lose all their workers, the public sector, to the private sector. this is the case of you are not keeping the policy that you had before and that you liked before so the government says you can keep it so you don't leave government service. this is ridiculous. charles: a lot of narrative's falling through this. president obama has done this
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too saying listen, don't go to the private sector, work for government which by the way in the long run is not always such a great economic sacrifice. of brilliant lawyer, bill clinton, forsaking the private sector and went into government and now he is worth $200 million. corey booker will go to the senate, didn't go into the private sector. by the time he is 65 he will be breath $50 million. president obama the community organizer probably will make $100 million his first year out of office. let's bump that particular myth right now. the second thing is if there is such a great thing, if congress is going to cook up the stuff they should be the first to eat it. they want wall street to meet the mortgages they see the policies they create. stuart: we had a heated discussion with the julia earlier and left a lot of our viewers and thus somewhat unsatisfied because we were talking across each other, arguing, debating across each other, not getting to the nitty
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gritty, my point is the president said if you like your policy you keep it. if you like your doctor you keep it. i don't think that is true for a lot of people in america. stuart: charles: i love the conversation instead of debate because the talking points are so lame at this point. we started that segment talking about a headline from cnn which typically backs the democrats. when cn and starts to say this does not look good, when max baucus says this is a train wreck. when you have people who were behind the president of one hundred% back away a little bit that is a red flag. at least acknowledge it. that is all. stuart: we need to do something about it. we got to get a debate going on a program as opposed to a fiery back talk between -- charles: maybe lead the talking points at the door and have a nice conversation. stuart: on the studio door? good idea. more "varney and company" next. ñ
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hyhy@s my mantra? trust your instincts to make the call.
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to treat my low testosterone, my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal in about 2 weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those who are or who may become pregnant and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these symptoms to your doctor. tell your doctor about all medical conditions and medications. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet or body swelling; enlarged or painful breasts; problems breathing while sleeping; and blood clots in the legs. common side effects include skin redness or irritation where applied, increased d blood cell count, headache, diarrhea, vomiting, and increase in psa. ask your doctor about the only underarm low t treatment, axiron.
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>> sphok of the day, and this is it. tesla, electric car company. people bet against it, and now it's going up, they got to buy it to cover themselves. that is called a short squeeze, but we hate that jargon on the program, but that's what's going on. last hour, i gave my take on last night's government run lotteries, you know, the powerball. my take was government run lotteries are a lousy deal. all right. he's your take. here's your response. kara asks, do you go to kids' parties and pop their balloons too? all right. point taken, got it. gregory agrees with my point of view saying, tell us again and again, varney. yes, i will. government run lotteries are a lousy deal. charles, you remember the days of private numbers games, don't you? >> oh, yeah, played the numbers all the time. all the time. >> play the number was? >> bet the numbers, i think, generated from the horse race
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finals, and play a buck, if you get all three straight, you get $650. >> your mom won? >> one time, it was amazing, like, you know, we were happy, but the story, i came home with a friend of mine, hit the number, timely, gave me twenty bucks and my friend, and when the friend left, i'm your son, he got the same amount as me. she's like, listen, that's the christian thing to do. [laughter] she's a good woman. she is. >> did you get the winnings in cash? >> in cash, tax free. >> i'll be it. that's illegal. >> some mobsters would pay taxes because that's how they got them in the joint. it was interesting. i never played the lottery, you know, the lotto. >> not promoting illegal game ling, are we? >> no, we're not. >> no, wears not. it's yours. dagen: i see you doing scratch tickets in your car outside the mini mart. >> no, never, ever.
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dagen: just joking, just joking. thank you so much. housing, at least one bright spot in the economy. naturally, the president wants to talk about it, but how much further should he take it? speaking of real estate, i know you recognize these gentleman, the scott brothers, drew and john of hgtv. they are going to talk about the good, the bad, and you're a total idiot of renovations. judge napolitanoments -- wants to know the difference of what snowden did and what the nsa did to you. why are the closings a result of a failed foreign policy? now, a big money game, america's ballparks, wifi, those stories and more coming up on this hour of "markets now." ♪ >> three days in a row, market's do

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